please answers these questions bus 120

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please answers these questions bus 120

please answers these questions below

i i have 4 questions on Homework Problem this example for it

and i have homework like 37 part and for both are unlimited so i can get 100% until submit it

i put example for them

Garret’s CornerGarrets Corner,

Inc., carries a line of titanium

watcheswatches.

Garret’s CornerGarrets Corner,

Inc., uses the FIFO method and a perpetual inventory system. The sales price of each

watchwatch

is

$ 185$185.

Company records indicate the following activity for

watcheswatches

for the month of

JulyJuly:

LOADING…

(Click
the icon to view the records.)

Read the requirementsLOADING…

.

Requirement 1. Prepare a perpetual inventory record for the watcheswatches

to determine the amount

Garret’s CornerGarrets Corner,

Inc., should report for ending inventory and cost of goods sold using the FIFO method.

Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.)

FIFO:

Purchases

Cost of goods sold

Inventory on hand

Unit

Total

Unit

Total

Unit

Total

Date

Qty

Cost

Cost

Qty

Cost

Cost

Qty

Cost

Cost

Jul

1

 

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